Mahama Administration Praised for Strong Economic Performance – Dr. Sammy Ayeh Cites Sharp Drop in Inflation, Policy Rate

Presidential Aide and Government Communication, Dr. Sammy Ayeh, has praised President John Dramani Mahama’s administration for what he described as “remarkable progress” in stabilizing Ghana’s economy and improving key economic indicators.

Speaking on the Kessben Adwenkyere Show on Tuesday night, Dr. Ayeh said President Mahama had “performed creditably well” in fulfilling campaign promises made during the 2024 general elections, asserting that the current government’s economic management is “superior to that of previous administrations.”

Economic Turnaround and Stability

Dr. Ayeh outlined several achievements by the Mahama-led government since assuming office in January 2025, emphasizing a dramatic turnaround from what he termed a “debt crisis” inherited from the previous administration.

“The policy rate has dropped from 28 percent to 21.5 percent as of September 2025,” he said. “Inflation has fallen from 54 percent under the former NPP government to 9.4 percent — the lowest recorded in four years.”

He further pointed to a 21 percent appreciation of the Ghana Cedi against the US dollar, contrasting it with what he called the “persistent depreciation” experienced under the previous government.

Fuel Price Relief for Citizens

Touching on fuel prices, Dr. Ayeh said one of the government’s major successes has been providing relief to Ghanaians at the pump.

He noted that fuel prices, which rose sharply from GH₵3.50 per liter in 2017 to about GH₵16 per liter by January 2025, have now dropped to between GH₵53 and GH₵55 per gallon.

“This is a significant reduction that reflects the government’s commitment to easing the cost of living for ordinary citizens,” he added.

Institutional Revival and Governance Reforms

Beyond the economy, the Presidential Aide commended the Mahama administration for reviving struggling state institutions and introducing governance reforms to safeguard public funds.

“President Mahama’s government has instituted strong financial regulations to protect the public purse and ensure we live within our means,” he said. “Loss-making government policies have been restored to profitability through prudent management.”

Dr. Ayeh added that Ghana’s debt-to-GDP ratio currently stands at 44.9 percent, describing it as evidence of “responsible and transparent governance.”

Looking Ahead

While acknowledging that the nation still faces challenges, Dr. Ayeh expressed confidence that the country is on the right track.

“We are not saying everything is perfect, but by every objective measure, this government is doing far better than what we inherited,” he concluded.